A 'dark store' tax loophole enjoyed by Target, Lowe's, and Home Depot is costing American schools billions

Business Insider/Hayley Peterson Retail giants likeTarget, Lowe's, and Home Depot are fighting to pay less taxes. When they win, schools end up losing billions of dollars, Edweek reported. In what is often described as a tax loophole, these retailers utilize a legal argument dubbed the "dark store theory" to decrease their annual property taxes.They saythat their taxes should be calculated as if their storeswere vacant or "dark," rather than when they are at full capacity. Property taxes for ret...